An Advantage of Purchasing Technology Already Available in Products or Processes

question 9

Multiple Choice

An advantage of purchasing technology already available in products or processes is that

• A) it is simple to implement and cost-effective.
• B) the technology is proprietary and provides competitive advantage.
• C) it speeds up the purchasing firm's learning curve.
• D) it helps improve the purchasing firm's internal development capabilities.
• E) the purchasing firm gains control and ownership over the desired technology.

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Definitions:

NAAQS

The National Ambient Air Quality Standards, regulations that establish allowable concentration levels of pollutants in the air in the United States.

SIP

An acronym that can refer to several concepts, including Systematic Investment Plan, which allows investors to contribute small amounts periodically into a mutual fund.

EIS

An Environmental Impact Statement, a document prepared to describe the effects for proposed activities on the environment, often required for major projects to assess their environmental consequences.

Federal Agency

A government body in the United States created by the Congress to enforce laws and regulations in a specific area of responsibility.